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Summary: Wisconsin Health and Educational Facilities Authority Watertown Regional Medical Center Inc.; Hospital
Standard & Poors, May 2011
Standard & Poor's Ratings Services affirmed its 'BBB+' long-term rating and underlying rating (SPUR) on the Wisconsin Health and Educational Facilities Authority's $11.1 million series 2001 fixed-rate revenue bonds issued for Watertown Regional Medical Center Inc. (Watertown, formerly known as Watertown Memorial Hospital). The outlook is stable. The ratings reflect our view of the hospital's: Historically solid financial results, with stable cash flow helping to generate sound maximum annual debt service coverage (MADS) of over 4x; Strong balance sheet, with operational liquidity at 225 days' cash on hand and low leverage of 28%; and Adequate market position, which includes an affiliation with the University of Wisconsin in Madison and its various entities (A+), with growing outpatient volumes; however, admissions have...
Companies mentioned in this report are: Watertown Regl Med Ctr, Inc.,Wisconsin Hlth Fac Auth
Action: Outlook: Stable
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This product consists of a Summary Analysis: Bi-annual (at least). An abbreviated analysis containing Standard & Poor's issuer credit ratings as of the time the article was published. The analysis includes a rating rationale - the basis on which the rating was assigned - and an outlook section if the issuer is not on CreditWatch. Financial statistics are not included.
Watertown Regl Med Ctr, Inc.,Wisconsin Hlth Fac Auth